Tyman - Managing well in the recovery phase
Market conditions have affected Tyman’s regional operations in different ways; with revenues recovering now and a settled funding outlook, the COVID-19 challenges appear to have been navigated well so far. The company typically has a seasonal H2 trading bias; the extent to which the recovery to date can be sustained in this important period will be a key determinant of the full year outturn. Other actions taken should also aid the recovery phase. Our estimates remain suspended at this time.Tyman is the holding company of the Tyman group of companies, which is engaged as a supplier of engineered components to the door and window industry. Co. operates in three divisions: North American, which operates as AmesburyTruth, a manufacturer of window and door hardware components, extrusions and sealing systems; U.K. and Ireland, which operates as Era, a designer, developer, manufacturer and distributor of solutions for the residential building and home improvement markets; and Schlegel International, which comprises sealing and extrusion businesses outside North America, together with Giesse, Co.'s Italy-based manufacturer of hardware products for aluminum doors and windows.
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